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DEX

Delticom XTRA:DEX Stock Report

Last Price

€2.68

Market Cap

€39.7m

7D

6.3%

1Y

-70.5%

Updated

25 Jun, 2022

Data

Company Financials +
DEX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends0/6

DEX Stock Overview

Delticom AG, together with its subsidiaries, engages in online distribution of tires and wheels in Europe.

Rewards

Trading at 86.1% below our estimate of its fair value

Earnings are forecast to grow 3.29% per year

Risk Analysis

Volatile share price over the past 3 months

Large one-off items impacting financial results

Does not have a meaningful market cap (€40M)


Delticom Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Delticom
Historical stock prices
Current Share Price€2.68
52 Week High€10.80
52 Week Low€2.41
Beta1.42
1 Month Change-6.94%
3 Month Change-26.17%
1 Year Change-70.49%
3 Year Change-45.31%
5 Year Change-83.09%
Change since IPO-78.95%

Recent News & Updates

May 12
Delticom (ETR:DEX) Has A Somewhat Strained Balance Sheet

Delticom (ETR:DEX) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

DEXDE Online RetailDE Market
7D6.3%4.5%-0.1%
1Y-70.5%-67.5%-22.0%

Return vs Industry: DEX underperformed the German Online Retail industry which returned -67.5% over the past year.

Return vs Market: DEX underperformed the German Market which returned -22% over the past year.

Price Volatility

Is DEX's price volatile compared to industry and market?
DEX volatility
DEX Average Weekly Movement7.5%
Online Retail Industry Average Movement9.7%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: DEX is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: DEX's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
1999174n/ahttps://www.delti.com

Delticom AG, together with its subsidiaries, engages in online distribution of tires and wheels in Europe. The company sells its tires to retail and commercial customers for passenger cars, motorbikes, trucks, utility vehicles, buses, and wheel sets. The company operates 410 online shops and online distribution platforms in 75 countries.

Delticom Fundamentals Summary

How do Delticom's earnings and revenue compare to its market cap?
DEX fundamental statistics
Market Cap€39.75m
Earnings (TTM)€6.75m
Revenue (TTM)€585.37m

5.9x

P/E Ratio

0.1x

P/S Ratio

Is DEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEX income statement (TTM)
Revenue€585.37m
Cost of Revenue€457.40m
Gross Profit€127.98m
Other Expenses€121.23m
Earnings€6.75m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)0.46
Gross Margin21.86%
Net Profit Margin1.15%
Debt/Equity Ratio27.1%

How did DEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DEX?

Other financial metrics that can be useful for relative valuation.

DEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA15.3x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does DEX's PE Ratio compare to its peers?

DEX PE Ratio vs Peers
The above table shows the PE ratio for DEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average49.9x

Price-To-Earnings vs Peers: DEX is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (49.9x).

Price to Earnings Ratio vs Industry

How does DEX's PE Ratio compare vs other companies in the Online Retail Industry?

Price-To-Earnings vs Industry: DEX is good value based on its Price-To-Earnings Ratio (5.9x) compared to the German Online Retail industry average (15.8x)

Price to Earnings Ratio vs Fair Ratio

What is DEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: DEX is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

Share Price vs Fair Value

What is the Fair Price of DEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DEX (€2.68) is trading below our estimate of fair value (€19.33)

Significantly Below Fair Value: DEX is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: DEX is poor value based on its PEG Ratio (1.8x)

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Future Growth

How is Delticom forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

3.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DEX's forecast earnings growth (3.3% per year) is above the savings rate (-0.05%).

Earnings vs Market: DEX's earnings (3.3% per year) are forecast to grow slower than the German market (8.3% per year).

High Growth Earnings: DEX's earnings are forecast to grow, but not significantly.

Revenue vs Market: DEX's revenue (2.1% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: DEX's revenue (2.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if DEX's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Delticom performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

-10.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DEX has a large one-off loss of €4.2M impacting its December 31 2021 financial results.

Growing Profit Margin: DEX's current net profit margins (1.2%) are lower than last year (1.2%).

Past Earnings Growth Analysis

Earnings Trend: DEX has become profitable over the past 5 years, growing earnings by -10.2% per year.

Accelerating Growth: DEX's earnings growth over the past year (0.2%) exceeds its 5-year average (-10.2% per year).

Earnings vs Industry: DEX earnings growth over the past year (0.2%) underperformed the Online Retail industry 0.2%.

Return on Equity

High ROE: DEX's Return on Equity (17.9%) is considered low.

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Financial Health

How is Delticom's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DEX's short term assets (€106.0M) do not cover its short term liabilities (€132.1M).

Long Term Liabilities: DEX's short term assets (€106.0M) exceed its long term liabilities (€47.4M).

Debt to Equity History and Analysis

Debt Level: DEX's net debt to equity ratio (14.3%) is considered satisfactory.

Reducing Debt: DEX's debt to equity ratio has reduced from 34.4% to 27.1% over the past 5 years.

Debt Coverage: DEX's debt is well covered by operating cash flow (213.1%).

Interest Coverage: DEX's interest payments on its debt are not well covered by EBIT (2.2x coverage).

Balance Sheet

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Dividend

What is Delticom current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEX's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: DEX is not paying a notable dividend for the German market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DEX has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure

CEO

Delticom has no CEO, or we have no data on them.

Leadership Team

Experienced Management: DEX's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Experienced Board: DEX's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Delticom AG's employee growth, exchange listings and data sources

Key Information

  • Name: Delticom AG
  • Ticker: DEX
  • Exchange: XTRA
  • Founded: 1999
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: €39.748m
  • Shares outstanding: 14.83m
  • Website: https://www.delti.com

Number of Employees

Location

  • Delticom AG
  • Brühlstraße 11
  • Hanover
  • Lower Saxony
  • 30169
  • Germany

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.